Displaying items by tag: finance minister
Economy expected to contract by 7.2% this year
Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
R100 billion set aside to respond to COVID-19 jobs challenge
Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.
Businesses urged to consider employees before shutting down
With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.
State wage bill to be slashed by R160bn over three years
Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.
SA readies to establish state bank
Government is ready to establish a state bank, Finance Minister Tito Mboweni said on Wednesday.
Sin Taxes increase
Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.
SA's financial sector must serve all
It is of utmost importance to have a financial sector that serves all South Africans, says Finance Minister Nhlanhla Nene.
Finance Minister to shed more light on funding free higher education
Finance Minister is expected to clarify all aspects of financing free higher education during the Budget Speech next week.
Radical economic transformation a priority for government
Newly appointed Finance Minister Malusi Gigaba has radical economic transformation at the top of his agenda.
Tax system must be "redistributive"
Finance Minister Pravin Gordhan says the South African tax system has to be redistributive if the country is to usher in radical socio-economic transformation.